OTCPK:KATFF - Post by User
Post by
DasuDasu1on Jun 13, 2018 6:28pm
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Post# 28168730
The deal involves transferring KCC's debt to Kat
The deal involves transferring KCC's debt to Kat
+ A bunch a of one time payments. This is what the deal entails. Previously, KCC's debt was owned according to the respective stakes in KCC. Gecamine effectively transferred its portion of the refinanced KCC debt (25%) to Katanga. There is no way this is more positive for Katanga than the situation before the legal challenge by Gecamine. 1.20 to 1.45 is right where the SP should be if Kat was correctly valued at ~1.80 before the legal woes.